Agenda:
8:30am - 9:00am: Breakfast
9:00am - 10:30am: Session #1: CIAA Annual Accounting Update, Presented by PwC
10:30am - 10:45am: Break
10:45am - 11:45am: Session #2: Economic Update, Presented by TD
SESSION #1:
Accounting Update
At this year’s CIAA Annual Accounting Update, we’ll provide an insurer-focused overview of upcoming new and amended accounting standards, including IFRS 18 – Presentation and disclosure in the financial statements, and the targeted amendments to IFRS 9 – Financial Instruments and IFRS 7 – Financial Instruments: Disclosure. We will also provide an update on OSFI B-15–Climate Risk Management Regulations.
SPEAKERS:
Owen Thomas, Insurance Partner, PwC
Owen has over 20 years of experience helping insurers navigate new and emerging accounting and reporting requirements. He works with a broad range of insurers, including public companies, subsidiaries and branches, covering P&C, life, insurance and reinsurance entities. Owen is the Chair of OSFI's Auditor Advisory Committee and represents PwC at the Accounting Standards Board and other insurance industry working groups.
Ubaid Usmani, Insurance Senior Manager, Assurance, PwC
Ubaid is a Senior Manager at PwC Canada with over 14 years of global experiences in auditing and advising large P&C and Life insurance clients. He specializes in insurance accounting, as well as new and emerging standards for insurers such as IFRS 18. Ubaid is a returning presenter at the CIAA Annual Accounting Update.
Aditi Tandon, Insurance Manager, Assurance, PwC
Aditi Tandon is a Manager with over six years of experience leading group audits for publicly listed corporations, large P&C insurers, and branches. She has led numerous IFRS 17 transition projects and continues to work with clients through evolving regulatory and accounting landscapes.
Cassandra Tontini, Director, Financial Services Risk & Regulatory, PwC
Cassandra Tontini is a life actuary with over 10 years of experience working in the insurance industry. She has worked directly in both life insurance and general insurance companies, with experience in pricing, valuation, asset-liability management, financial reporting, and risk management. Since joining PwC, Cassandra works with the insurance industry to advise on regulatory initiatives such as Climate Risk Management and Model Risk Management. Cassandra is the chair of the Canadian Institute of Actuaries Enterprise Risk Management committee.
Session #2:
Economic Update
The Economic Update will include a general global economic outlook including the US, and a Canadian economic outlook covering topics such as government policy, business spending, trade outlook, housing and implication for interest rates and the Canadian Dollar.
SPEAKER:
Andrew Hencic, Director & Senior Economist, TD
Andrew Hencic is a Director & Senior Economist with TD Bank Group, where he provides insights on financial market developments and trends in the Canadian and U.S. economies. He also regularly contributes to a variety of TD publications. Previously, Andrew was the lead forecaster for major countries outside of North America.
Andrew holds a PhD. in Economics from York University and a Bachelor's in Business Administration from Wilfrid Laurier University.
